The future of communities

Initial Coin Offering

What is it?  What is it used for? And when?

ICO, Initial Coin Offerings or first token sale, has become a new way to bootstrap a community, through pre-selling tokens that give users access to the future services that the network will deliver. In an ICO, a quantity of the crowdfunded cryptocurrency is redistributed to investors in the form of "tokens", in exchange for fiat currencies or other cryptocurrencies. These tokens become functional units of currency when the ICO's funding goal is met and the project launches.